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. >> bill: i'm perplexed because i thought florida would go for mitt romney based upon the economy primarily but romney spent a lot of time and money there. but what did the -- what message that the president brought to florida sueded for him? >> i'm not sure if it's the president's message. it's the message that we need to do a better job as a movement. not just the republican party. those who believe in limited government and preenterprise have to do a better and more consistent job of explaining to people why free enterprise is better for them. >> bill: elected you in florida. they elected governor scott. both of you guys are conservative smaller government people. this is why it's so confusing. because you elect you. you elect scott. now they did elect liberal senator there and they're all over the place. i just don't know why florida, virginia, ohio, colorado -- colorado, i kind of know. why the republican message didn't resonate. i don't understand why the republican message did not resonate in those states. >> well, i can't speak to those other states in detail but i can tell you abou
. >> bill: i'm perplexed because i thought florida would go for mitt romney based upon the economy primarily but romney spent a lot of time and money there. but what did the -- what message that the president brought to florida sueded for him? >> i'm not sure if it's the president's message. it's the message that we need to do a better job as a movement. not just the republican party. those who believe in limited government and preenterprise have to do a better and more consistent...
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our economy cannot sustain that and it cannot happen. >> when is the sausage done? >> the sausage will get done a couple of hours before christmas eve. they will keep them in the house until very late. they will put something through at the very end. it won't be pretty. it won't be a long-term solution, and my guess is they will put a bandaid long enough to get us to about february where we can have the same discussion when we hit the debt limit ceiling in february and do it all over again. >> debbie, what is your prediction on this? >> i think chip and i agree it will be the end of the year. i have told congressional spouses they should plan on their spouses working between christmas and new year's, and that's what the american people want. they are elected to govern and that's part of the job. >> do you agree with chip that it will be a temporary fix? >> i don't know. >> it will just take us into the new year, or will they do a grand bargain here? >> well, i think you could get a grand bargain, but i think you can't do the kind of detailed work that has got to be
our economy cannot sustain that and it cannot happen. >> when is the sausage done? >> the sausage will get done a couple of hours before christmas eve. they will keep them in the house until very late. they will put something through at the very end. it won't be pretty. it won't be a long-term solution, and my guess is they will put a bandaid long enough to get us to about february where we can have the same discussion when we hit the debt limit ceiling in february and do it all...
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across our economy. it has spread across the global economy. -- parts acquisition, technology acquisition has read not only across our economy. it has spread across the global economy. guest: the number of major military programs are built at commercial derivatives. they take it out of the line on the need specialized equipment and by that process, the cost can be reduced. host: sam in illinois, republican caller. caller: there is this old saying that goes, we will talk when the war is over. our country is roughly 235 years old. we have been at war for 209 years. how could you possibly think of cutting defense? we could use less -- take care of entitlements. host: deborah, your honor. caller: why can they put a cap on what these greedy hospitals, doctors ambulance, a lifelike, prescriptions -- why cannot the cap and what they are allowed to charge -- why can't they put a cap on what they are allowed to charge? also, putting money overseas, why can we keep it here where we need it-- can't we keep it ehre
across our economy. it has spread across the global economy. -- parts acquisition, technology acquisition has read not only across our economy. it has spread across the global economy. guest: the number of major military programs are built at commercial derivatives. they take it out of the line on the need specialized equipment and by that process, the cost can be reduced. host: sam in illinois, republican caller. caller: there is this old saying that goes, we will talk when the war is over....
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. >>> we're back with tonight's outer circle where we reach out to our sources around the world and we go to cairo where three advisers to president mohamed morsi have stepped down as violence has intensified. demonstrators set fire to oofss of the muslim brotherhood. reza is in cairo. >> reporter: president morsi thought he was going to have a cake walk to the nationwide referendum on december 15th on the co
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ]...
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. >> reporter: last june noda weighed concerns about safety, the economy and energy supply when he decided to restart two nuclear reactors the first to go back online since the fukushima accident. some members of his democratic party left the party in protest. noda faced challenges on the foreign policy front. he focused on repairing the damage to japan-u.s. ties caused by a disagreement over the relocation of an american base in okinawa. >> translator: security environment is getting come olympic indicated so i believe our alliance is really important. >> reporter: noda worked to improve relations with u.s. continued as relation with china deteriorated. his government nationalized the senkaku islands in the east china sea. japan controls the territory. china and taiwan claim it. chinese ships enter japanese waters near the islands and chinese alleged anti-japan demonstrations. noda's key domestic policy issue was fiscal reform. he staked his career on hiking the consumption tax and reforming social security to chip away at japan's rising debt. the opposition liberal democrats and their al
. >> reporter: last june noda weighed concerns about safety, the economy and energy supply when he decided to restart two nuclear reactors the first to go back online since the fukushima accident. some members of his democratic party left the party in protest. noda faced challenges on the foreign policy front. he focused on repairing the damage to japan-u.s. ties caused by a disagreement over the relocation of an american base in okinawa. >> translator: security environment is...
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economy eased. the nikkei index right now trading at 9521, a gain of over .5% from wednesday's close. traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's companiespy is 1949. let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.
economy eased. the nikkei index right now trading at 9521, a gain of over .5% from wednesday's close. traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen...
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going to take on full on the billionaire how would you compare egypt's economy now to. father steve camile some lots more but it. was sixty five point six at central bank now we know still down fifteen point five billion dollars and this is a huge cut that with his own hand if that's even possible and. it affects investors no one will come to invest anything any here in egypt to do these e's fifty six took. a lot of unemployment to do is to add also six too soon we are going to feel sick she was. just continues to be all usual these you just lose a fit all six do so easy of business with the shop now we are divided into two parts so it isn't quite as a political force in one hand and muslim brotherhood in as one hand whom we all in the thirty six when you read it think you it seems that the egyptian people don't agree on much these days one of the few things they do agree on is that egypt's economy needs to get back on the right track and as soon as possible. russia and turkey will try to shield growing economic and trade ties from a widening rift over the syrian confli
going to take on full on the billionaire how would you compare egypt's economy now to. father steve camile some lots more but it. was sixty five point six at central bank now we know still down fifteen point five billion dollars and this is a huge cut that with his own hand if that's even possible and. it affects investors no one will come to invest anything any here in egypt to do these e's fifty six took. a lot of unemployment to do is to add also six too soon we are going to feel sick she...
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kim has also vowed to develop north korea's economy. >> translator: we must stop on a part of industrial revolution for the new century and make north korea a great economic power. >> there no tangible signs of improvement. the u.n. program said 16 million north koreans or nearly 70% of the population suffer from malnutrition. north korea's relations with the outside world are at a stand still. last february the united states agreed to provide food aid in exchange for being free of the ballistic missile tests. the deal was welcome after the north tested a missile. north korea's leadership has been trying to hold talks with the united states, but officials in washington said they are not ready to accept. china is also applying pressure on its neighbor. arguing that the missile launch could violate u.n. resolutions. nhk world. >> the professor is an expert on the korean peninsula. i spoke with him to get more insight into the korean missile launch. i started with asking him the intention of north korea. >> the mostortant thing for pong i don't think is to appeal or to empathize with their
kim has also vowed to develop north korea's economy. >> translator: we must stop on a part of industrial revolution for the new century and make north korea a great economic power. >> there no tangible signs of improvement. the u.n. program said 16 million north koreans or nearly 70% of the population suffer from malnutrition. north korea's relations with the outside world are at a stand still. last february the united states agreed to provide food aid in exchange for being free of...
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economy keeping stocks from falling any further, though. the nikkei ended above that key 9,500 level for the first time since april. the shanghai composite edged down just over 0.1% after a pretty sharp rebound yesterday. south korea's kospi also managing gains. it closed higher by more than 0.1%. that put it at a seven-week high. let's move on to currencies now. dollar/yen right now is a little higher, seeing it at 82.35. market observers say investors are buying the dollar on optimism about the u.s. budget talks, but its advance has been capped today as many traders do remain on the sidelines ahead of u.s. jobs data, which is due out on friday. now, in terms of the euro, it's still holding pretty strong against the yen, right now at 107.70. >>> officials at japan's transport ministry have ordered airlines to inspect boeing passenger jets. they say state-of-the-art 787 dreamliners have had problems with their fuel lines. the emergency order followed a fuel leak in october involving a 787. that's flown by all nippon airways. they found that
economy keeping stocks from falling any further, though. the nikkei ended above that key 9,500 level for the first time since april. the shanghai composite edged down just over 0.1% after a pretty sharp rebound yesterday. south korea's kospi also managing gains. it closed higher by more than 0.1%. that put it at a seven-week high. let's move on to currencies now. dollar/yen right now is a little higher, seeing it at 82.35. market observers say investors are buying the dollar on optimism about...
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economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more days. the house g.o.p. requires that the bill be posted for parts of three days which means early next week in order for votes by the end of next week. veterans of past capital hill battles note the whip operation convincing lawmakers to vote for the legislation they barely seen will be critical. >> likely that both sides, the president and the speaker are going to have to twist arms, they are going to have to call people. they are going, you know, do anything they can to push a deal over the line. >> with christmas eve in two weeks, the president, lawmak
economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more...
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we surveyed more than 4,000 voters. 31% say the economy is the most important issue in this campaign. 22% cite social security reform. 13% say energy policy. including the use of nuclear power is their top issue. we also asked voters who they believe is more qualified to be prime minister after the lower house elections. 20% say the leader of the governing democratic party . 20% say the leader of the governing democratic party yoshihiko noda, who is currently prime minister. 25% say the leader of the main opposition liberal democratic party, shinzo abe. 49% say neither. our poll also suggests the approval rating for noda's cabinet has hit a record low of 21%. that's down one percentage point from a survey taken a week ago. the disapproval rating fell by two percentage points to 62%. many of the people we spoke to seemed eager to cast ballots on december 16th. 88% told nhk they would go out to vote. >>> new auto sales in japan fell in november for a third straight month, but the pace of decline was so slow that it was almost flat. industry groups said on monday that 393,000 cars, truck
we surveyed more than 4,000 voters. 31% say the economy is the most important issue in this campaign. 22% cite social security reform. 13% say energy policy. including the use of nuclear power is their top issue. we also asked voters who they believe is more qualified to be prime minister after the lower house elections. 20% say the leader of the governing democratic party . 20% say the leader of the governing democratic party yoshihiko noda, who is currently prime minister. 25% say the leader...
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an economy dogged by uncertainty. and disputes with neighbors over territory. voters now face a choice. who will they trust to guide their country forward? join us december 16th for "japan decides." >>> it's been cold in the area where the earthquake hit earlier on in japan. meteorologist robert speta has more on the weather. robert? >>> well, yes, across much of northern japan. let's take a look at this satellite picture because you can see that cloud cover coming in from the northwest towards the southeast. and what this is is that sea effect snow but also pulling in all this cold air, is so on the west coast you're seeing some heavy snow even over towards the east, but also temperatures in and around this region are diving below the freezing mark here through your overnight hours. miyako expected to get down to minus 2 there. some reports out of miyagi prefecture around minus 3, so very chilly across this area if anybody is out and about going through the next several hours and eventually into your saturday. but meanwhile, we also have this snow threat. we h
an economy dogged by uncertainty. and disputes with neighbors over territory. voters now face a choice. who will they trust to guide their country forward? join us december 16th for "japan decides." >>> it's been cold in the area where the earthquake hit earlier on in japan. meteorologist robert speta has more on the weather. robert? >>> well, yes, across much of northern japan. let's take a look at this satellite picture because you can see that cloud cover coming...
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he said increased public investment and more monetary easing would spur the economy. but li called for flexible government policies if the situation in europe gets worse. >>> the new leader of the chooeds communist party is sending out mixed signals. xi jinping says he wants to pursue a peaceful foreign policy. at the same time, china is locked in territorial disputes with japan and several southeast asian nations over islands in the east and south china seas. xi told a group of foreign academics in beijing that china poses neither a challenge nor a threat. >> translator: looking at china's history, cultural traditions, and current conditions, china will never adopt a policy of dominance or expansionism. our prosperity will bring peace and will benefit the rest of the world. >> analysts say xi hopes to ease concerns that china's new leadership intends to adopt a more hard-line stance in diplomacy. however, on the same day, he told a senior military commander to strengthen missile units for possible conflict. xi has pledged to tackle corruption among party officials. h
he said increased public investment and more monetary easing would spur the economy. but li called for flexible government policies if the situation in europe gets worse. >>> the new leader of the chooeds communist party is sending out mixed signals. xi jinping says he wants to pursue a peaceful foreign policy. at the same time, china is locked in territorial disputes with japan and several southeast asian nations over islands in the east and south china seas. xi told a group of...
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an economy dogged by uncertainty. and disputes with neighbors over territory. voters now face a choice. who will they trust to guide their country forward? join us december 16th for "japan decides." >>> it's been cold in the area where the earthquake hit earlier on in japan. meteorologist robert speta has more on the weather. robert? >>> well, yes, across much of northern japan. let's take a look at this satellite picture because you can see that cloud cover coming in from the northwest towards the southeast. and what this is is that sea-effect snow but also pulling in all this cold air, is so on the west coast you're seeing some heavy snow, even over towards the east, but also temperatures in and around this region are diving below the freezing mark here through your overnight hours. miyako expected to get down to minus 2 there. actually seeing some reports out of miyagi prefecture around minus 3, so very chilly across this area if anybody is out and about going through the next several hours and eventually into your saturday. but meanwhile, we also have this
an economy dogged by uncertainty. and disputes with neighbors over territory. voters now face a choice. who will they trust to guide their country forward? join us december 16th for "japan decides." >>> it's been cold in the area where the earthquake hit earlier on in japan. meteorologist robert speta has more on the weather. robert? >>> well, yes, across much of northern japan. let's take a look at this satellite picture because you can see that cloud cover coming...
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they'll share their views on how to right the japanese economy. they'll debate whether japan should join negotiations on the free-trade agreement known as the transpacific partnership. they'll outline their vision for how to supply the country's energy needs after the nuclear disaster in fukushima. and they'll talk about how to defend national security. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. earlier i spoke with nhk senior commentator masayo nakajima, who has covered countless elections in japan. i asked him what voters are thinking about most. >> voters are thinking first off about whether the democratic party of japan should stay in power. you know, the dpj swept into power in 2009, ending more than half a century of unbroken rule by the leader democrats. its leaders promised a lot as people used to being in opposition often do. they said they would cut government spending. they said they would stop the construction of a multimillion-dollar dam, make expressways toll free. prime minister noda had
they'll share their views on how to right the japanese economy. they'll debate whether japan should join negotiations on the free-trade agreement known as the transpacific partnership. they'll outline their vision for how to supply the country's energy needs after the nuclear disaster in fukushima. and they'll talk about how to defend national security. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. earlier i spoke with nhk senior commentator masayo...
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we should not raise taxes in this economy. we should not be in this situation. this is like part two of what happened last year with the same ex situation -- the sale situation, raising the debt ceiling. we shouldn't raise taxes, not in this economy. >> i just don't understand this. so senior citizens on medicare and social security sacrifice, but the top one% or 2% don't. you have obama who wants us to go over this cliff and raise ks tays -- raise taxes on everyone and he can blame the republicans on what happened. i think that's the game plan, and i think it is outrageous he is doing this. >> thank you both for joining us. >> thank you. appreciate it. >> and for much more on the fiscal cliff on fox news sunday chris wallace has an exchew sigh sit down with charles schumer and bob corker. that's on fox news sunday. check your local listings for times. >>> ♪ gangnam style >> a global sensation, if you will now apologizing for his anti-american lyrics. his name is psy in case you didn't know. his style is called gangnam. it is a dance video and the most watched
we should not raise taxes in this economy. we should not be in this situation. this is like part two of what happened last year with the same ex situation -- the sale situation, raising the debt ceiling. we shouldn't raise taxes, not in this economy. >> i just don't understand this. so senior citizens on medicare and social security sacrifice, but the top one% or 2% don't. you have obama who wants us to go over this cliff and raise ks tays -- raise taxes on everyone and he can blame the...
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bill: on a tenuous economy too. what are republicans say, wendell? >> reporter: john baker says they don't have a starting point with democrats refusing to say what spending cuts they're willing to accept. democrats say the president made clear in the election campaign he wanted to phase out tax cuts for upper income earnings boehner says he is something for much more than that. >> the president is asking for $1.6 interest worth of new revenue for 10 years, twice as much as he has been asking in public. he has stimulus spending here that exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. >> reporter: politically each side wants the other to own as much as possible of an ultimate agreement that possibly neither of their constituencies are going to like. bill? bill: thank you, wendell goler, on the north lawn there at the white house. martha. martha: a little more background on this now. budget negotiations with congressional leaders started a few weeks ago really with president obama calling for that $1.6 tril
bill: on a tenuous economy too. what are republicans say, wendell? >> reporter: john baker says they don't have a starting point with democrats refusing to say what spending cuts they're willing to accept. democrats say the president made clear in the election campaign he wanted to phase out tax cuts for upper income earnings boehner says he is something for much more than that. >> the president is asking for $1.6 interest worth of new revenue for 10 years, twice as much as he has...
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that's what keeps the economy moving. shouldn't we be encouraging these kids to be more impulse sigh. >> i can't understand why you would want people to concentrate on people around you or real physical touch. have you ever sexted? it is much more gratifying than actual sex. gross. >> high people are becoming annoying. why do we saw super having less personal relationship is a bad thing? >> i don't have a loss of personal relationship. >> the less people you hang out with, the less you will be murdered boy them. >> i think we should dedicate a segment to educate your cell, your guest -- >> i watched all of the l.a. laws back then. the. >> need -- the need for both sides -- you tell me your job was like night court and i will wok away right now. >> you have a wacky bailiff. >> do you think this will lead to other problems like addiction to heroin? >> i was with my friends and there were four or five and i looked around and everybody is on their phone going -- i was like, guys put down the f-ing phones. people are so beds t
that's what keeps the economy moving. shouldn't we be encouraging these kids to be more impulse sigh. >> i can't understand why you would want people to concentrate on people around you or real physical touch. have you ever sexted? it is much more gratifying than actual sex. gross. >> high people are becoming annoying. why do we saw super having less personal relationship is a bad thing? >> i don't have a loss of personal relationship. >> the less people you hang out...
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that'll be a problem for our economy. people will not be engaged unless they have clarity in this thing. i have more faith in this institution. after the end of the day, you do the right thing. if you look at the history of this body, it roughly comes up with the right answer. we have not dealt with the debt ceiling since the beginning of this country. i think we are very capable and we can do it. >> i will respond by saying that we have been trying to deal with our cascading debt and deficit for decades. i would say that we have been far short of doing the right thing to look for a healthy fiscal future. >> thank you, senator. >> i agree that we usually do the right thing but only after we try everything else. the time has come. i see this as a scary time. we need to protect our fragile economy, but it is also an opportunity to move forward. my first question is based on your predictions -- what do you think the timeframe is for possible further downgrades from the credit rating agencies? >> this is my interpretation. i
that'll be a problem for our economy. people will not be engaged unless they have clarity in this thing. i have more faith in this institution. after the end of the day, you do the right thing. if you look at the history of this body, it roughly comes up with the right answer. we have not dealt with the debt ceiling since the beginning of this country. i think we are very capable and we can do it. >> i will respond by saying that we have been trying to deal with our cascading debt and...
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how you strengthen an economy. i will suggest that we talked about how those ways can be used to strengthen the families out there. it has worked pretty well in texas for a decade. jenna: you mention the 40% vote he received for hispanics. what prevented you from getting more? >> i think the hispanic vote transitions to the middle class, in particular in the upper middle class. as they become substantially more financially at ease. they start looking at where is all of my money that i am supposed to be making going? as they make that decision, they want to know who mr. fica is. those individuals are becoming very upwardly mobile from a monetary standpoint. i think that there is a real opportunity for those people to become republicans. jenna: if your premises is correct, and texas should have no problem saying the republican states will follow. i was reading new york magazine about texas, he said without hispanic support, the republican party ceases to exist and republicans will no longer be the majority party of t
how you strengthen an economy. i will suggest that we talked about how those ways can be used to strengthen the families out there. it has worked pretty well in texas for a decade. jenna: you mention the 40% vote he received for hispanics. what prevented you from getting more? >> i think the hispanic vote transitions to the middle class, in particular in the upper middle class. as they become substantially more financially at ease. they start looking at where is all of my money that i am...
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they believe the economy added fewer than 100,000 jobs last month. some think that that number could be fewer than 50,000. they say companies may be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that white house.gov was going to come and get a little more information about our story, and we really thought it was going to be that, just white house.gov coverage. as the days went on, we understood that that senior white house officials was the white house official. so it was pretty exciting for us. >> president obama and lawmakers now have le
they believe the economy added fewer than 100,000 jobs last month. some think that that number could be fewer than 50,000. they say companies may be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and...
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tax hikes in january, can this economy handle it based on this report? >> we're going to have taxes which will be roughly the same under bill clinton, we did fine in that, we'll do fine. what i'm worried about is the defense cuts. they're really serious. but we'll get by with a few months of higher taxes until the democrats and republicans start playing nice with each other. but the fiscal cliff, i think, is very overrated as a danger. heather: does it concern you that this seems to be the new norm when we look at the numbers and say, hey, this is better? >> it's very discouraging. we're stuck at a stable but depressing plateau. meth -- heather: ben stein, thank you s much. we will be right back. we understan at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. jon: chris
tax hikes in january, can this economy handle it based on this report? >> we're going to have taxes which will be roughly the same under bill clinton, we did fine in that, we'll do fine. what i'm worried about is the defense cuts. they're really serious. but we'll get by with a few months of higher taxes until the democrats and republicans start playing nice with each other. but the fiscal cliff, i think, is very overrated as a danger. heather: does it concern you that this seems to be...
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. >>> today we could see the impact, the threat the fiscal cliff is having on our economy, even before the end of the year, the labor department will release its november jobs report this morning. many economists believe fewer than 100,000 new jobs were created this month. that may be because companies are waiting to hire more companies until after the financial crisis is resolved. superstorm sandy likely had an impact on the unemployment rate economisted expect the unemployment rate to remain at 7.9%. >>> president obama says this northern virginia couple is proof that lawmakers must come to an agreement on a budget deal by the end of the year. he met with tiffany and richard santana yesterday. living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> we live with an extended family. we have two sets of adult incomes in our home. it would be more like a $4,000 tax increase for us, which would be relatively devastating for our family. i wanted to share that with the white house. i wasn't sure i was goin
. >>> today we could see the impact, the threat the fiscal cliff is having on our economy, even before the end of the year, the labor department will release its november jobs report this morning. many economists believe fewer than 100,000 new jobs were created this month. that may be because companies are waiting to hire more companies until after the financial crisis is resolved. superstorm sandy likely had an impact on the unemployment rate economisted expect the unemployment rate...
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. relieves nasal congestion. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 pe
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. relieves nasal congestion. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight,...
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find out what's really happening to the global economy. there are no holds. headlines to report. her to cut. as. most of the mines in segovia have passed into the hands of citizens who established small companies and have exploited them for many years now. at the mine one hundred thirty workers bring the or to the surface like ants carrying it on their backs from a depth of three hundred meters. or out by the side. trying not to make it too heavy so you can walk. it depends. there are times you make two and a half to three million that's twelve hundred euros because the mine is rich you can even make four or five million. give me middle of the gold miner works hard for fifteen days to one man the minute . and then he goes out and in one week spends it all on drink on women and passions everything he made in a month. it's ok. that is why in a place so rich there is such great poverty. often the mines are a stone's throw away from homes the residents dig wherever they think they can get lucky. up on. this one hundred ten meters about forty five degrees. for the time being we haven'
find out what's really happening to the global economy. there are no holds. headlines to report. her to cut. as. most of the mines in segovia have passed into the hands of citizens who established small companies and have exploited them for many years now. at the mine one hundred thirty workers bring the or to the surface like ants carrying it on their backs from a depth of three hundred meters. or out by the side. trying not to make it too heavy so you can walk. it depends. there are times you...
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that is a big headwind for this economy. all of this uncertainty throughout the second half of this year, all of 2012 will be replaced with certainty and that should unleash pent-up demand when we see it in the construction, in capital spending, housing improving, certainty replacing uncertainty will be a big theme in 2013. tracy: that is all it is going to take? talking about spain, 2013 is setting itself up to be the year of uncertainty. i think it is the year of the snake in china. >> looks, europe has been with us for three years and at the margin it continues to get a little bit better. with the new government in china, a case can be made for a pickup in growth a little bit more stimulus. so these things have been with us, but the pictures a little bit more clear than where it was. we think 13 can be a good year economically coming off of two sluggish years. ashleytracy: we said 16 tradings left, where she be putting my money in preparation for all this? >> first of all if we get a significant selloff, though sidelines
that is a big headwind for this economy. all of this uncertainty throughout the second half of this year, all of 2012 will be replaced with certainty and that should unleash pent-up demand when we see it in the construction, in capital spending, housing improving, certainty replacing uncertainty will be a big theme in 2013. tracy: that is all it is going to take? talking about spain, 2013 is setting itself up to be the year of uncertainty. i think it is the year of the snake in china. >>...
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jenna: let's talk about the economy now. the "wall street journal" reporting today that the jobs market could be in line for some significant improvement in the coming year if we can get a deal on the fiscal cliff, that is the big question. businesses which have held off investing and hiring because of uncertainty over the fiscal outlook might finally open their wallets, that means more jobs too. a little bit more optimism potentially on the horizon. even if a tough jobs market and maybe an unpredictable economy there are some ways to get ahead. these why we what wanted to talk to our next guest who knows thing or two about that. joining us now, kat cole the president of cinnabon. you have a very unique journey to the position you have today. it all started at hooters, right? >> yeah, i started out like many teenagers, my first job in malls and restaurants, and i got a job at hooters as a hostess and worked my way up and became a waitress at haouters for a fe hooters, when the cooks quit i began to cook. that sent me all ove
jenna: let's talk about the economy now. the "wall street journal" reporting today that the jobs market could be in line for some significant improvement in the coming year if we can get a deal on the fiscal cliff, that is the big question. businesses which have held off investing and hiring because of uncertainty over the fiscal outlook might finally open their wallets, that means more jobs too. a little bit more optimism potentially on the horizon. even if a tough jobs market and...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens.
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a...
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also while sandy cost the economy 10s of billions of dollars. the construction agency is announcing a bump in business as folks begin to rebuild what they lost. rick lesson thowl in the hard hit new york city borough of staten island live for us there tonight. hey, rick. >> hi, shepard. sandy's silver lining repairing damaged homes requires materials like lumber and sheetrock and wiring and real pairing those requires skilled labor. >> before hurricane sandy, anthony had to lay off two workers and was about to lay off more. now this electrical contractor is hiring with more business than he can handle. >> people want their work done right away. we are working to get that done for them. >> i'm a firm believer of taking the work while it's there. so i really don't pass up too much. if we have to work saturdays and sundays we will. >> many in the northeast were hit hard by the storm including descrawnts and retrailers. the construction agency was booming. landscapers, carpenters all seeing big demand. economists caution it's a short-term boost. >>
also while sandy cost the economy 10s of billions of dollars. the construction agency is announcing a bump in business as folks begin to rebuild what they lost. rick lesson thowl in the hard hit new york city borough of staten island live for us there tonight. hey, rick. >> hi, shepard. sandy's silver lining repairing damaged homes requires materials like lumber and sheetrock and wiring and real pairing those requires skilled labor. >> before hurricane sandy, anthony had to lay off...
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we're tingering on the edges here of a massive economy. >> schieffer: michael? >> everybody knows the conversation needs to take place. speaker boehner calling the president saying i'll give some on rates. you have to give some on structural eltitlement reforms. the problem is, it's the president who sets the groundwork for that discussion. and right now republicans think the president's undermining that possible conversation by an unreasonable first setef demands, procedural changes that would make them irrelevant. the art of the deal involves giving people a soft place to land. and right now, republicans aren't seeing a soft place to land. their only option is humiliation in this process, and they're increasingly thinking that the president sees victory at the bottom of the fiscal cliff. >> but remember where we were when we last had this debate between the speaker and the president and the president and the white house feels like they were humiliated by speaker boehner when he wouldn't return his own phone calls. that's part of what's going on here is the lac
we're tingering on the edges here of a massive economy. >> schieffer: michael? >> everybody knows the conversation needs to take place. speaker boehner calling the president saying i'll give some on rates. you have to give some on structural eltitlement reforms. the problem is, it's the president who sets the groundwork for that discussion. and right now republicans think the president's undermining that possible conversation by an unreasonable first setef demands, procedural...
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Dec 7, 2012
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all the major economies are in that region including ours. seven of the ten largest armies in that region. you can put all the continents in the world in the pacific ocean, you can put 'em all in the pacific ocean and still have room for another africa, another canada, another united states and another mexico. and that's just in the pacific. the indian ocean is vast as well. so you have this really large, very dynamic -- can't even call it a region. it's half the world. where you have historical ties between countries, bilateral, multilateral, and you have this -- there's no one security organization that's able to deal with things such as a nato. and i don't think you'll ever get to that because it's such a vast and diverse region. and so we have to rely on and have to support these multilateral organizations that allow us to capitalize on where we have like interests and to not be afraid to allow other countries to lead in those areas. so now to the earlier question, you know, we very much support india military, india taking a leadership i
all the major economies are in that region including ours. seven of the ten largest armies in that region. you can put all the continents in the world in the pacific ocean, you can put 'em all in the pacific ocean and still have room for another africa, another canada, another united states and another mexico. and that's just in the pacific. the indian ocean is vast as well. so you have this really large, very dynamic -- can't even call it a region. it's half the world. where you have...
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>> the economy changed. the economy is better. a lot has been made of the fact that the president caved two years ago, december of 2010. that was when the buschera tax rates first expired and he agreed to a two-year extension. yes, he caved but i think in fairness to the president he got a lot for it and the economy wasn't doing so well, which is why he wanted stimulus in the first place. in return for extending them then, he got payroll tax cut for all workers, that is now expiring and other tax rates for small businesses and individuals. it was a pretty good package, more than he should have expected coming off december 2010 after a month after republicans had swept the election and taken back control of the house. there's history here but now the economy is good enough that he feels he can say this is it, i'm standing my ground, we're going to end these rates and yet he still wants some stimulus in his deal, infrastructure spending. gwen: this is an interesting moment where we're not hearing a lot from either side. either they'
>> the economy changed. the economy is better. a lot has been made of the fact that the president caved two years ago, december of 2010. that was when the buschera tax rates first expired and he agreed to a two-year extension. yes, he caved but i think in fairness to the president he got a lot for it and the economy wasn't doing so well, which is why he wanted stimulus in the first place. in return for extending them then, he got payroll tax cut for all workers, that is now expiring and...
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and if it shrinking it produces less the problem is the united states economy in recent years has been consuming its capital stock that's like burning furniture to heat the whole.
and if it shrinking it produces less the problem is the united states economy in recent years has been consuming its capital stock that's like burning furniture to heat the whole.
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security and economy are numbers one and two. he mentioned a crime prevention program as well as a number of different hand outs to populations that are in need . he's got a lot on his plate tomorrow as sure. >> you have been there several days and today whampt is your impression of people there and their hopefulness? li would say that many peopline those who did not vote for him and that was 62 percent of the voters did not vote for him. they wish mexico well and they wish nieto well. mexicans want to see the country move forward and advance and i think everyone is pulling for him. 62 percent of the mexicans did not vote for the president? >> he won with 38 percent of the vote in a field of four candidates and three were the strongest. there is no question about the legitimacy of his election. but he definitely does not have half of the population behind him. >> he certainly doesn't have a mandate is what you are saying. lauren thank you for reporting for fox news latino . thank you, we appreciate it. for much more on mexico's n
security and economy are numbers one and two. he mentioned a crime prevention program as well as a number of different hand outs to populations that are in need . he's got a lot on his plate tomorrow as sure. >> you have been there several days and today whampt is your impression of people there and their hopefulness? li would say that many peopline those who did not vote for him and that was 62 percent of the voters did not vote for him. they wish mexico well and they wish nieto well....
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you want to make sure the debt is not growing faster than the economy. that's going to take $4 trillion in savings. you need all parts on the table and constructed in a thoughtful way so that revenues are raised in ways that are good for the economy as possible, and that when we're looking at the spending in the budget, we reform our entitlement programs and reduce spending in way that's thoughtful and good for the economy. it's going to take a lot to get there, but i actually think most of the policy ideas are well known and we're now in this political negotiation where i think there's a lot of support for having them, if they're going to go through all this, have a deal big enough to fix the problem. >> what do you say, two things, first of all, it to those who say that the economy is still sputtering along, weakness in the manufacturing sector, for instance, that this isn't the right time for dramatic cuts and secondly, that the debt ceiling deal will not be averted because the republicans have said that is a nonstarter. this could be a negotiating po
you want to make sure the debt is not growing faster than the economy. that's going to take $4 trillion in savings. you need all parts on the table and constructed in a thoughtful way so that revenues are raised in ways that are good for the economy as possible, and that when we're looking at the spending in the budget, we reform our entitlement programs and reduce spending in way that's thoughtful and good for the economy. it's going to take a lot to get there, but i actually think most of the...
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let economy will be bad in 2013. we'll have an incres in deficit and unemployment and he will more programs and he will not put them throughoutthrough without incrising the debt ceil that is not good for anyone. it really is. >> it is it a sobering forecast. and i know that you are watch carefully. >> yes, i am. but the nice thing about this, uma, in 2014. there will be 33 senate seats up and i think the republicans are going to take control of the senate after this debacle and then we'll get good economics. >> we'll see what lies ahead. look being -- looking forward to the next election. >> we appreciate your insights. >> my pleasure,. >> art laffer is the father of supply side economics . that is it a school of thought that lower taxes spurs growth. >> and an organization that speaks of the true spirit of the season. offering young sterse encouragement and love. reverend franklin graham heads up that effort and will join us live. volunteer ship mats that are giving hurricane sandy victims a lot of hope. >> we are l
let economy will be bad in 2013. we'll have an incres in deficit and unemployment and he will more programs and he will not put them throughoutthrough without incrising the debt ceil that is not good for anyone. it really is. >> it is it a sobering forecast. and i know that you are watch carefully. >> yes, i am. but the nice thing about this, uma, in 2014. there will be 33 senate seats up and i think the republicans are going to take control of the senate after this debacle and then...
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we really want to grow this economy system. that means making some of these choices, making tough choices and making them not just for now but for the future. getting fat, those spending cuts, trillion dollars, how do we do that in a way that is agreed to and we can get done and we don't walk, dial it back. and secondly that we do raise revenue, and making the investments that assure economic preparedness what we retain our commitment to our seniors. so i think it actually is cheekily important message both to americans as individuals, government can function, we can make tough decisions and we make decisions that benefit the middle class. that's what's made our country great. you've heard we are great americans, we have to make some decisions here, move us forward. we want to be innovative and trendsetting but it doesn't just happen to a lot of that comes from the kind of investment made in education, in the way we do our tax policy, growth areas energy. are we innovative in manufacturing, advanced manufacturing. these are thi
we really want to grow this economy system. that means making some of these choices, making tough choices and making them not just for now but for the future. getting fat, those spending cuts, trillion dollars, how do we do that in a way that is agreed to and we can get done and we don't walk, dial it back. and secondly that we do raise revenue, and making the investments that assure economic preparedness what we retain our commitment to our seniors. so i think it actually is cheekily important...
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happening to the global economy. and realized. welcome to the big picture. the for. the i. remind you we're talking about the. the west. ok alex analytical back to you in brussels you know outside of the west however we define that the west has seen its very very violent ok over the last twenty years it's nato interventions is this something that the west should be proud of. well i mean i think the west is still the largest force for good in the world i mean the interventions that have taken place if you think about afghanistan for example that has been to rout out al qaeda operation base terrorist organization that has struck around the world from bali to madrid to london there has been one grave there on which europeans and americans had a dramatic fall out that was the iraq war that should not have taken place but compared to certain other regions the west is the most peaceful and stable region there is no conflict inside of the west if you look to russia with the chechen conflict in the northern caucasus if you look to see. that's been overthrown by decade now more than
happening to the global economy. and realized. welcome to the big picture. the for. the i. remind you we're talking about the. the west. ok alex analytical back to you in brussels you know outside of the west however we define that the west has seen its very very violent ok over the last twenty years it's nato interventions is this something that the west should be proud of. well i mean i think the west is still the largest force for good in the world i mean the interventions that have taken...
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a lot in terms of foreign policy and in terms of opening their economies up. to u.s. multinationals will be a movie very important. for the united states and yes it will start buying american arms and substantial qualities libya's lots and lots of money to spend according to the state department this year alone the u.s. spent six point three billion dollars financing foreign armies it argues investing in foreign militaries helps build. better alliances and further american interests abroad from the point of view of the u.s. government of course it's very useful to have other countries militaries integrated into the us they get the training then they get the equipment they get the arms it's the full package the idea of proxy armies is not new to be very destructive record of training foreign armies has hardly been flawless you have the school of americas for instance which is trained all the the armies that became the torturers of latin america that started after world war two i would say the training troops is especially in the middle east in the case of iraq or in af
a lot in terms of foreign policy and in terms of opening their economies up. to u.s. multinationals will be a movie very important. for the united states and yes it will start buying american arms and substantial qualities libya's lots and lots of money to spend according to the state department this year alone the u.s. spent six point three billion dollars financing foreign armies it argues investing in foreign militaries helps build. better alliances and further american interests abroad from...